Blockchain/Bitcoin News Stay up to date on the business of the cryptocurrency world. Enter your email address below to receive daily news about bitcoin and updates on the Inside Bitcoins conference series.

Blockchain/Bitcoin News Stay up to date on the business of the cryptocurrency world. Enter your email address below to receive daily news about bitcoin and updates on the Inside Bitcoins conference series.

NEW YORK (InsideBitcoins) — Reddit is a freewheeling Internet forum phenomenon. Fresh from a $50 million round of venture capital funding, its audience is vast and unruly. Claiming over 174 million unique visitors last month, the open source site hosts over 8,000 “subreddits,” — — virtual communities that discuss practically any topic you can think of. The bitcoin subreddit alone has over 140,000 subscribers. Today, Patrick Murck, the new executive director of the Bitcoin Foundation, faced the community in an “Ask Me Anything” feature.

Upon being asked about his “agenda” for the Foundation, Murck referred readers to his recent blog, then added: “The quick version is that I want to get the Foundation back to its roots. That would probably look a lot like the Linux Foundation or the Apache Software Foundation.”

“When we started the Foundation we didn’t define ourselves clearly as any one of those things and so people expected us to do all of it,” Murck wrote. “Now that there are other groups and initiatives stepping up to fill in some of these needs, we have an opportunity to focus our approach, in particular on #1.”

As to the efforts to regulate bitcoin, Murck said, “For a lot of the traditional financial companies (banks and other investors on Wall Street), regulation is seen as validation. Whether you agree with that or not, some level of appropriate regulation will bring in new participants to the bitcoin ecosystem and seems inevitable. Keeping that regulation sane and focused on actual risks is important.”

Later, he added: “Bringing solutions like proof of solvency and multi-sig escrow to market and making sure they are properly understood in the regulatory community is exactly the right approach.”

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Event Schedule

Event Schedule

Inside Fintech Dec. 2018
Inside Fintech Conference & Expo explores Fintech 3.0, including Blockchain technology and other decentralized solutions for financial processes, and its impact on the global financial ecosystem. Hear from the finance industry’s most forward thinking individuals as they seek to leverage advances in technology to improve payments, investment strategies, mobile banking, navigate the world of regulation, and more. We’ll explore a unique chemistry between Fintech entrepreneurs, investors, bankers, and governments across Asia and the rest of the world.

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Blockchain/Bitcoin News Stay up to date on the business of the cryptocurrency world. Enter your email address below to receive daily news about bitcoin and updates on the Inside Bitcoins conference series.

Newsletter

Blockchain/Bitcoin News Stay up to date on the business of the cryptocurrency world. Enter your email address below to receive daily news about bitcoin and updates on the Inside Bitcoins conference series.